14 September 2025 | 1:06PM EDT Oil Analyst How to Return to a Bull Market? Daan Struyven +1(212)357-4172 | daan.struyven@gs.com Goldman Sachs & Co. LLC Alexandra Paulus +1(212)902-7111 | alexandra.paulus@gs.com Goldman Sachs & Co. LLC Yulia Zhestkova Grigsby +1(646)446-3905 | yulia.grigsby@gs.com Goldman Sachs & Co. LLC Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or g ...

Core Viewpoint - The analysis of Exxon Mobil Corporation (NYSE: XOM) suggests that it is a more favorable investment compared to the XLE ETF, particularly in the context of a potential recovery in oil prices [1]. Group 1 - The last analysis of Exxon Mobil Corporation was conducted in March 2025, highlighting its investment potential [1]. - The article titled "Exxon Mobil Is A Better Bet Than XLE On Oil Any Price Recovery" emphasizes actionable investment ideas derived from independent research [1].